Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects

While it is recognised that new technology is not the only cause of quantitative change, the editors claim it should play a more central role in economic theory and policy. At the same time, the ground is laid for a more generalised concept of innovation and experimentation and their relation to routine activities.Recently, evolutionary theories of economic and technological change have attracted a considerable amount of attention, which reflects the problems encountered by mainstream analysis of dynamic phenomena and quantitative change. This book develops the current debate and draws on the concepts of evolutionary biology, non equilibrium thermodynamics, systems and organisation theory.